There’s a wave of apartments coming, but building permits have plummeted almost 30% since the pandemic—and it could mean higher rents ...Middle East

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There’s a wave of apartments coming, but building permits have plummeted almost 30% since the pandemic—and it could mean higher rents
“Property owners might start jacking up rents again once all of the new apartments hitting the market fill up with tenants and there’s no longer so much supply, which could be the case in a year or two,” a Redfin senior economist said.

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